4.5 • 705 Ratings
🗓️ 27 November 2018
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics. |
0:07.3 | I'm Dan Premack. On today's show, what GM's job cuts tell us about the broader economy and the big tech real estate deal you probably haven't heard about. |
0:17.1 | But first, guns and money. Earlier this month, a group of institutional investors released |
0:21.7 | a set of five principles that it once adopted by the gun industry, whether that be manufacturers, |
0:27.0 | distributors, retailers, and really everyone in between. And this was no small niche set of investors. |
0:32.5 | It was led by the nation's largest public teacher pension fund, Calsters, and the overall group |
0:37.2 | represents around $5 trillion |
0:39.1 | in assets under management. Among the Sineas were public pension funds in purple states like |
0:44.1 | Florida and Maine, plus big private firms like State Street and Newveen. In short, they want the |
0:49.3 | firearms industry to become more responsible. That means investing in new safety technologies, |
0:54.9 | improving and enforcing dealer standards around education, enforcing background checks, recording all sales, |
1:00.2 | and making sure that dealers can better recognize, quote, irregularities around the time of |
1:05.1 | sale. Now, to be sure, these groups carry a big stick. Again, $5 trillion with a T. But the real question is if it'll really |
1:12.3 | matter in an era of wash and mass shootings that almost immediately result in Americans |
1:17.0 | retreating to partisan politics instead of compassion or even better common sense. Money talks, |
1:23.5 | but can it also persuade? In 15 seconds, we'll go deeper with Christopher Aylman, |
1:27.9 | chief investment officer of Calsters, |
1:29.6 | where he manages around $220 billion for over 600,000 California teachers. |
1:34.7 | But first, this. |
1:36.1 | There is more news out there than ever before, |
1:38.2 | but these days it's harder than ever to find it and to know what to trust. |
1:41.8 | Axios AM takes the effort out of getting smart by synthesizing the 10 stories that will |
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